Banking & Finance

Modi’s PSU bank recapitalisation will improve solvency, but will not solve legacy loan issue

Government’s latest capital infusion of Rs 48,239 crore in PSU banks will improve their solvency and boost their bad loan provisioning, but will not address the large volume of legacy loan problems,

Banking & Finance News

Money pours back in: Rs 1.8 lakh crore NPA recovery expected in FY19 as big cases head towards closure

With two major cases at the final stage of resolution, the Finance Ministry expects bad loan recoveries to touch Rs 1.80 lakh crore during the current fiscal.

Banking & Finance News

Modi govt to infuse Rs 48,000 crore into 12 PSU banks; check who gets how much

The government on Wednesday approved Rs 48,239 crore capital infusion into 12 public sector banks (PSBS) to with an aim to equip better performing PCA banks to be above PCA thresholds.

Banking & Finance News

Bad loans: SBI writes off Rs 10,000 cr; total by 19 PSU banks at Rs 41,000 cr

Vijaya Bank saw the steepest increase in write-offs — 243 times y-o-y to Rs 487 crore in Q3FY19. This was followed by IDBI Bank, which saw a 4,783% y-o-y rise in write-offs to Rs 562 crore in Q3FY19

Bad loans: 19 PSBs write off nearly Rs 41,000 crore in Q3 News

After RBI rap, YES Bank says report released to comply with SEBI norms

After Reserve Bank of India (RBI) rapped YES Bank for making a report marked ‘confidential’ public, the private lender said that the NPA divergence information followed due compliance.

Yes Bank, Yes Bank Stock, Yes Bank Stock Zoom, यस बैंक, यस बैंक में 30 फीसदी तेजी, RBI Clean Chit, Asset Quality Divergence, RBI Report On Yes Bank, Market cap, Investors Wealth News

HSBC’s 2018 profit misses estimates; China weakness poses growth risks

An economic slowdown in China, the world's second-largest economy, poses a challenge to the bank's strategy of pouring more resources into Asia where it already makes over three quarters of its profit

Banking & Finance News

SBI to waive loans taken by slain CRPF personnel; to expedite insurance payments

In a release, the bank announced a special initiative for the CRPF soldiers who were martyred in a dreadful terrorist attack in Pulwama, Jammu and Kashmir.

SBI, SBI to wave loans of CRPF personnel, jammu nad kashmir, Pulwama attack, pulwama blast, Rajnish Kumar News

PSU bank merger: Arun Jaitley says India needs mega banks, which are strong

Finance Minister Arun Jaitley on Monday said India needs fewer and mega banks to achieve economies of scale in the sector. After the amalgamation of five associates and Bharatiya Mahila Bank with SBI

Banking & Finance News

Rate cut pass-on important, will meet bank heads on Feb 21, says RBI Governor Shaktikanta Das

Transmission of monetary policy decision is important and the same will be discussed with the heads of public and private banks on February 21, said the Reserve Bank of India (RBI) Governor Shaktikant

Banking & Finance News

PNB set to post annual profit just a year after India’s biggest bank fraud

State-run PNB has already surprised markets with an earlier-than-expected profit for the quarter ended Dec. 31 as it completed setting aside funds to cover for the scam and its bad loan levels eased.

Banking & Finance News

Punjab National Bank in better state, but momentum is still soft – reduce holdings

Asset quality improved in Q3; FY19e EPS up 13%; an unreliable investment story; ‘Reduce’ maintained.

pnb, ounjab national bank News

Banks continue to see tight liquidity in Q4, says survey

A majority of banks expect liquidity to remain tight in the last quarter of this fiscal despite a slight improvement in the situation, says a survey.

Banking & Finance News

Indian Bank revises interest rates on term deposits

Public sector Indian Bank has revised interest rates on domestic term deposits with immediate effect.

Banking & Finance News

First time in FY19, RBI becomes net buyer of dollars in December

Between April and November 2108, the central bank had net sold USD 26.51 billion in the spot market against net purchase of USD 18.017 billion in the same period in 2017.

Banking & Finance News

SBI takes work-life balance to a new high cutting mechanical lives in the bud

The previous chairperson Arundhati Bhattacharya too had initiated a slew of pro-employee measures such as letting them choose the location before transferring a couple of both of them are with the ba

Banking & Finance News

Not out of the woods! 13 private lenders report rise in gross NPAs in Q3

Provisions & contingencies increased at 11 of the 18 lenders, partly due to the slippage of the IL&FS account.

sme, icici banks News

Yes Bank back in trouble; RBI threatens action for disclosing divergence report

Yes Bank in a press release earlier this week had said the RBI has not found any divergence in the asset classification and provisioning done by the lender during 2017-18.

rbi, yes bank, npas News

PSU Banks bleed: Aggregate losses of 21 lenders at Rs 11,605 crore in Q3

Aggregate losses for a clutch of 21 public sector banks in the quarter ended December 2018 came in at Rs 11,605 crore, led by a massive loss of Rs 4,737 crore from Bank of India and Rs 4,815 crore fro

banks, namking sector, banking industry News

Edelweiss to bring Bank of Singapore’s global investment products to Indian customers

The partnership will allow Bank of Singapore to significantly raise its profile in the country's growing wealth market. Edelweiss's wealth management arm has assets under advice of USD 14.4 billion.

Banking & Finance News

Still feel great times for Punjab National Bank are on the way: PNB non-executive chairman

The next couple of months should see progress on the asset management company-alternative investment fund (AMC-AIF)-led resolution approach under the Sashakt programme with discussions continuing with

Banking & Finance News

Muthoot Finance to raise up to Rs 750 crore through NCDs

The issue is with a base issue size of Rs 100 crore with an option to retain over-subscription up to Rs 650 crore, aggregating up to tranche limit of Rs 750 crore. The NCDs are proposed to be listed o

Banking & Finance News

Repco Home Finance Q3 net profit jumps 31% to Rs 56 crore

Loans to the self-employed segment accounted for 55.1% of the outstanding loan book and loans against property product accounted for 18.4% of the same.

home loan, interest rate, ICICI home loans, Repayment of principal, EMI News

RBI imposes Rs 5 cr penalty on four PSU banks, including SBI, Corporation Bank

The monetary penalty on the banks has been imposed for non-compliance with various directions issued by RBI on monitoring of end use of funds, exchange of information with other banks, classification

Banking & Finance News

SBI, Bank of Baroda among 4 PSU banks penalised crores of rupees by RBI; check which is fined how much

Union Bank of India also has been fined to the tune of Rs 1 crore. On the other hand, Corporation Bank has been slapped with a penalty of Rs 2 crore.

Banking & Finance News

RBI slaps penalties on 7 banks for violation of norms

A penalty of Rs 1 crore has been imposed on Andhra Bank for similar violations.

Banking & Finance News

Reliance Home Finance Q3 net profit up 37% to Rs 55 crore

"The company will continue to make valuable investments in people, processes and technology to empower the customer and enable the sustainability of the business for delivering robust shareholder retu

Reliance Home Finance Q3, Reliance Home Finance Q3 profit, Reliance Capital, NPA, reliance home loans, reliance affordable housing loans News

IL&FS exposure: IBA may again turn to RBI for relief to banks

Following the series of defaults by some entities of IL&FS, the government superseded the board and appointed Kotak as its chairman in October 2018.

RBI, Monetary Policy Committee, Shaktikanta Das, rbi policy rate, Inflation, oil prices News
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